🏦 About Karnataka Apex Bank The Karnataka State Co-Operative Apex Bank Ltd. (KSCABL) was established on November 10, 1915 , under the Mysore Co-operative Societies Act, 1905 . It serves as the apex financial institution for cooperative banks in Karnataka, offering comprehensive banking solutions for farmers, self-help groups, and businesses . The bank plays a vital role in financial inclusion and rural development , supporting Karnataka’s cooperative banking ecosystem.
🔹 Karnataka Apex Bank – Key Highlights Founded 10th November 1915 Bank Type Scheduled Co-operative Bank Cooperative Structure Two-Tier State Presence Karnataka No. of Branches 52 No. of ATMs Data Not Available Deposit Insurance (DICGC) ✅ Yes Regulated By Reserve Bank of India (RBI) Official Website Karnataka Apex Bank
📌 Banking Correspondence & Identification Codes Bank Code KSCB Cooperative ID (NCD ID) 29A010000208 IFSC Code KSCB0000001 MICR Code 560226001 LEI Code 335800DFK2RN5KDC9N75 D-U-N-S Number Not Available Sponsor Bank Direct Regulated Under Mysore Co-operative Societies Act, 1905
💰 Banking Services Offered 1️⃣ Deposit Products Deposit Type Features Savings Account Secure and interest-bearing account Current Account Suitable for businesses and frequent transactions Fixed Deposit (FD) Higher interest rates for long-term savings Recurring Deposit (RD) Monthly investment option with steady returns
2️⃣ Loan Products Loan Type Purpose Agriculture Loans Loans for farmers and agribusinesses Personal Loans Quick funds for personal expenses Home Loans Affordable home financing Vehicle Loans Loan facility for purchasing vehicles Gold Loans Instant loan against gold collateral
3️⃣ Digital Banking & Payment Services Service Availability Description UPI Transactions ✅ Available Instant and secure digital payments Internet Banking ❌ Not Available Online banking not provided Mobile Banking ✅ Available Official mobile app for transactions BBPS (Bharat Bill Payment System) ✅ Available Bill payments for utilities IMPS/NEFT/RTGS ✅ Available Quick and secure fund transfers
💻 Karnataka Apex Bank – NACH Live Status & Digital Transactions Transaction Type Availability Description ACH CR (Automated Clearing House – Credit) ✅ Yes Credit transfer facility for salaries, pensions, and refunds ACH DR (Automated Clearing House – Debit) ✅ Yes Automatic debits for loan EMI & bill payments APBS (Aadhaar Payment Bridge System) ✅ Yes Government DBT (Direct Benefit Transfers) to Aadhaar-linked accounts
🔗 Check Live NACH Status: NPCI NACH Members
📍 Head Office Address 📌 No.1, Pampamahakavi Road, Chamarajpet, Bengaluru – 560018, Karnataka
📞 Customer Care: 080-26983700, 26983722Email Support: mis@karnatakaapex.com
🔗 Official Banking Links 📢 Latest News & Updates 📌 July 2024: Karnataka Cooperation Minister K.N. Rajanna emphasized stricter loan sanction compliance due to regulatory gaps.
📌 April 2023: RBI imposed a ₹23.23 lakh penalty on KSCABL due to regulatory deficiencies.
🔗 Karnataka Apex Bank Social Media & Online Presence 📚 References & Sources 1️⃣ Reserve Bank of India (RBI) National Payments Corporation of India (NPCI) Cooperative Ministry of India DICGC – Insured Banks Deccan Herald Indian Cooperative
Karnataka Bank Holiday
